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ANZ is targeting 150 on USD/JPY, but is wary of verbal yen intervention
Following up on this from last week:ANZ forecast that USD/JPY is more likely to reach 150 than 140 in the coming monthMore:ANZ ... targeting a move toward 150. The bank believes that this trajectory will hold unless there's a substantial shift in the rate outlook for either the U.S. or Japan. While intervention from policymakers could pose a risk, ANZ anticipates that mere verbal intervention, or "jawboning," will suffice until the 150 threshold is reached. Key Points: Rate Outlook: ANZ suggest...
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Posted: Sep 4 2023, 22:43
Author Name: forexlive
Views: 102117
